Farmers & Merchants State Bank (Cokato, MN)

Episode Information

Episode Type
Suspension → Closure
Start Date
March 11, 1926
Location
Cokato, Minnesota (45.076, -94.190)
Bank Type
state
Routing Number
75-0435
Alt. names
Farmers & Mchts. State Bank

Metadata

Episode ID
Bank ID
City ID
270641381
Model
gpt-5-mini
Short Digest

Events (1)
1. March 11, 1926 Suspension
Cause
Government Action
Cause Details
Closed by bank examiners due to depleted reserves.
Newspaper Excerpt
The Farmers' and Merchants' State Bank here was closed today by bank examiners. Depleted reserves are assigned as the cause.
Source
newspapers

Newspaper Articles (2)
1. March 13, 1926 The Daily Worker New York, Chicago, NY
Article from The Daily Worker, March 13, 1926

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Article Text

Bank in Minnesota Closes; Farmers Hit COKATO, Minn., March 11. - The Farmers' and Merchants' State Bank here was closed today by bank examiners. Depleted reserves are assigned as the cause. The bank had deposits of about $500,000. Cokase is the center of a farming district and the bank's suspension has hit many farmers of the section.

2. March 13, 1926 The Daily Worker Chicago, IL
Article from The Daily Worker, March 13, 1926

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Article Text

Bank in Minnesota Closes; Farmers Hit

COKATO, Minn., March 11. The Farmers' and Merchants' State Bank here was closed today by bank examiners. Depleted reserves are assigned as the cause. The bank had deposits of about $500,000. Cokase is the center of a farming district and the bank's suspension has hit many farmers of the section.